Price just went mental on BEPPA, up to 8.5c now on the last trade. No similar movement on BBI however.
I am up $260 across my portfolio now, an excellent day. Wish I had the cash to keep buying, will have to wait for the correction now.
What could you see being achieved BB? 15x? More?
Not sure why BEPPA has jumped so much today, but i hope it closes around 8c. I am now in a position to buy more.
How is everyone feeling about BBI/BEPPA haven't felt much back slapping on here lately ;-)
I am not going to be in a position to buy until at least Thursday (Payday is Wednedsay next week), but if Kev's handout gets here Wednesday then I expect to jump on with some more a tiny bit quicker.
This thread is fast deteriorating into a backslapping ramping festival.
Before people get sucked in to the euphoria especially newbies, have a bit of a read through the whole thread and you will see that people have been calling this a screaming buy since well over 80c.
I don't know if this will eventually return 1000% or go back down to 3c but I do know there are risks envolved with this stock - so make sure your risks are adequately managed if you do buy into the hype.
I personally think there are better options around atm with similar rewards but a hell of a lot less risk.
Good luck to holders.
My.
I'm waiting for KRudds hand out too. Ive got a ton of stuff to pay for (mainly o/s travel) that im still undecided whether to buy more BEPPA.
Paul, consider this as borrowing money (probably at a v.high rate) to invest/gamble on a high risk opportunity, and ask yourself if it complies with your trading / investment plan.
I don't know if this will eventually return 1000% or go back down to 3c but I do know there are risks envolved with this stock - so make sure your risks are adequately managed if you do buy into the hype.
I personally think there are better options around atm with similar rewards but a hell of a lot less risk.
I personally think there are better options around atm with similar rewards but a hell of a lot less risk.
Good luck to holders.
My.
Genuinely interested to hear what you believe has similar rewards with considerably less risk then BEPPA.
Cheers
Won't go into it in this thread but just have a look around atm, small caps are flying some have doubled & tripled in price in the last few months. Stocks like SSM are moving up while still paying high d/e's. Even MQG has doubled in price in the last 6 weeks or so. All with substantially less risk imo.
What happens to this stock if the sale doesn't go through?
That being said i'm not talking about doubling or tripling my money, i'm talking about a 1000% return on my average price.
I can weigh up the risk and invest MY money knowing that if the stars align i've made my fortune, and if it turns to s*****t that i'm just gonna have to work a bit harder for a while.
100% agree that less riskier options exist wherein to double your money
Only doubling your moneys for suckers though
Noobie question.....
Whats the diff between BBI and BEPPA? Thread seems to have changed from one stock to the other so i got confused. And if this sale goes thru of DBCT, then why is BEPPA the better one to own?
BBI is basically an interest in a registered scheme (ie BBI) and it carries the full equity risks and rewards of ownership. BBI distributions vary depending upon the profitability of the fund.
BEPPA is basically a preference share and it receives income in the form of interest income. For each $1 BEPPA bought in the original float you would receive interest income for several years, and in 2012 can get your $1 back or covert into BBI securities noted above. The key difference is BEPPA do not participate in the equity risks and rewards and are safer. As a result they are safer because in the event of a wind up they must be paid out first before the BBI holders receive a cent.
BBI has liquidity problems because it has too much debt, the sale of DBCT will realise a profit and allow senior debt (ie bank debt) at the corporate level to be paid down. If the sale does not go through BBI may not be able to meet its funding obligations. Under the Corps Act a company cannot trade whilst insolvent (directors can be held personally liable for debts incurred whilst it does so).
Hope that helps and read some of the earlier posts as it is explained in detail in those.
Cheers
lol, they haven't finished moving up yet, and how do you know none of them will return 1000%?
I've got no problems with people investing in this stock and if the chart triggers a buy for a trade I will buy. The main reason for my post was just to bring a bit of reality about the risks back to this thread so newbies don't get sucked in without knowing the risks involved.
Have you read through the start of the thread lately? Makes for interesting reading, people have been calling for these massive gains for a while.
I hope you do get your 1000% gain, while I happily stick to my trading plan.
Good luck.
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